Chart­ing progress more ac­cu­rately

The Saturday Paper - - Letters & Editorial -

Mike Sec­combe cor­rectly crit­i­cised the ob­ses­sion with the GDP. Adding up all fi­nan­cial trans­ac­tions does not mea­sure well­be­ing. The GDP ig­nores un­paid ef­fort in the home or by vol­un­teers, while count­ing crime, ac­ci­dents, ill­ness and re­source de­ple­tion as if they were ben­e­fits. The Wake­field Fu­tures Group re­cently up­dated the genuine progress in­di­ca­tor (GPI), a much more ra­tio­nal mea­sure of well­be­ing. It showed that South Aus­tralia, usu­ally crit­i­cised for ap­pear­ing not to grow as fast as other states, has done bet­ter than the rest of Aus­tralia. The GPI is now be­ing used in sev­eral parts of the world to guide pol­icy choices. We will be bet­ter served when politi­cians move beyond GDP.

– Ian Lowe, Mar­coola, Qld

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